Foursan Group has raised its ownership stake in Siniora Food Industries Plc to 30%, highlighting confidence in the company's strong performance and growth potential in the Jordanian meat processing sector.

Information on the Target

Siniora Food Industries Plc is a prominent manufacturer and processor of meat products in both Jordan and Palestine. The company has established itself as a leader in the sector, known for its commitment to quality and innovation. With a diverse range of meat products, Siniora has been catering to both local and regional markets, thereby enhancing its reputation and customer base.

In 2012, Siniora demonstrated significant growth, achieving operational revenues of $44 million—a 26% increase from the previous year. The company's earnings also surged to $4 million, reflecting effective management and strategic business practices that have positioned it favorably in the competitive food industry.

Industry Overview in Jordan

The food processing industry in Jordan is a vital component of the national economy, contributing to both employment and export revenues. The sector has seen steady growth over the years, driven by the demand